Lee challenges the country’s reputation as poor for equities, examines its performance and outlines why Japan’s long-term prospects remain favourable.
Some investors historically have seen Japan’s equity market as a constant source of disappointment. I can understand why. For 20 years, after Japan’s asset bubble burst and through the global financial crisis in 2009, it was a trader’s market. You could make money by following an active management approach and focusing on individual companies with attractive prospects – and ignore large parts of the market. Alternatively, you could trade the market as a whole, but in doing so you had to time your investment well and not stick around for too long. Read the article
